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8:09 PM
Lia Narulita
Deputy Minister of Public Housing, Jamil Anshari, said the authorities are ready to set up 350,000 homes of very affordable prices and 650,000 homes of affordable prices.
Jamil said the program will be subject to interest rates set at lower than two digits.
The government prepares Rp2.7 trillion of total budget for implementing the program. "Of the amount, the absorbed fund is only Rp600 billion We call on REI (Real Estate Indonesia)'s participation to make the homes available," he said.
However, Chief REI Bali, AAM Sukhadana Wendha, said the fund will not be sufficient for acquiring land. "It won't be enough. We have all been informed of current land prices in Bali," he said.
He said that the REI expects the provincial government issues policies which enable handing-over of land plots in pursuit of the successful program.
6:46 PM
Lia Narulita
The Japan Bank for International Cooperation (JBIC) prepares US$1 billion to bring about two infrastructure projects under public-private partnership scheme.
According to JBIC Executive Director, Fumio Hoshi, the two projects include Steam-based Power Plant in Central Jawa and Geothermal Power Plant in Sarula, North Sumatra.
Fumio went in by saying that the fund JBIC has channeled through Indonesia reaches US$9 billion, which will be mostly allocated to LNG projects.
JBIC also plans to invest in Geothermal Power Plants in several Sumatra areas as well as transportation, coal-train railways, and mass rapid transit.
JBIC on the other hand makes arrangements to participate in a feasibility test on metropolitan priority area projects which include rebuilding of industrial zone in East Jakarta, Soekarno-Hatta Int'l Airport expansion, Tanjung Priok Harbor development, port construction in Cilamaya, industrial revitalization in Cikarang, at a total of US$30 billion.
